The 1987 Report of the National Commission on Fraudulent Financial

question 3

Multiple Choice

The 1987 Report of the National Commission on Fraudulent Financial Reports major overtone was:

• A) To urge subordinate workers to blow the whistle on corrupt acts within their corporations.
• B) The implementation of harsher sentences upon guilty corporations.
• C) Establishing the right tone at the top (the corporate culture, including an ethics code).
• D) Increasing the SEC's power.

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Definitions:

Unconscionable

A term used to describe actions or conditions that shock the conscience or are exceedingly unfair or unjust.

Obligated to Resell

The requirement to sell an item or property again, often under specific conditions or regulations.

Conform to Contract

To act in accordance with the terms and conditions outlined in a contract.

Sales Contract

A legal agreement between buyer and seller detailing the sale of goods or services, including terms about price, delivery, and conditions.